Star Company uses the aging of accounts receivables method to estimate bad debts. The company has prepared the following aging schedule of its accounts receivables.

Age Accounts Receivable Percent Uncollectible

$0-30$ days $$120,0003\%$

$31-60$ days $$40,00010\%$

$>60$ days $$26,00020\%$

The Allowance for Doubtful Accounts account had a balance of $$4,600$ before any adjusting entry is made. What amount of bad debt expense will the company record this year?